Kenya Bond Market Update: 18-Apr-2023

Bidding Time – Bids for the FXD1/2022/3Yr (2.0 years) and the FXD1/2019/15Yr (10.9 years) must be at the Central Bank by 2.00PM. My expectations for these bonds remain as below:

• FXD1/2022/3Yr (2.0 years): Average of within 13.40% - 13.50%
• FXD1/2019/15Yr (10.9 years): Average of within 14.40% - 14.50%
• Attached is the bond prospectus for all the information required

Away from the auction, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and best wishes for the auction ahead!

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Below are the two-way quotes for the benchmark tenors, two-way quotes for the infrastructure bonds and the key rates:

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Attached are the bond positions available today and the April 2023 bond auction prospectus.

1. Bond Positions
2. April 2023 Bond Auction

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